CloudShare Raises $10M in Series B Funding

CloudShare, a Menlo Park-based cloud computing company for sales & training, announced that it has received $10m in series B financing from Sequoia Capital, Gemini Capital, and Charles River Ventures (CRV).

The company, through its software-as-a-service platform, enables technology vendors and enterprises to conduct evaluations, proofs-of-concept, demos, training and certification without traveling to customers, using a cloud-based service.

CloudShare will use the funds to develop products and expand markets.

According to George Zachary, Partner at Charles River Ventures, “CloudShare has taken all the necessary steps to solidify its market position and prepare for future growth.

“We are impressed by the team and track record CloudShare brings to the table, and are immensely pleased to be backing a company that we believe is not only capitalizing on cloud computing, but using it in the right way to benefit business users”, he said.